Llr Walnut, L.P. (Philadelphia)

Name: Llr Walnut, L.P.
Address: 2929 Walnut Street, Philadelphia, PA, 19104
Telephone: 267-866-7999

Llr Walnut, L.P. is a large advisory firm based in Philadelphia. It manages $2.93 billion of regulatory assets for 11 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdiction of Pennsylvania.

Llr Walnut provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Llr Walnut: assets under management

The assets under management (AUM) of Llr Walnut, L.P. is $2.93 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -89% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $2.93 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $266.47 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Llr Walnut, L.P. for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Llr Walnut serves?

The only and largest group of clients of Llr Walnut is pooled investment vehicles with 11 clients and $2.93 billion of assets under management. Among the 7 most similar advisory firms, Llr Walnut has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $2.93 billion for 11 clients. None of the firm’s clients are foreign persons or businesses.

Llr Walnut also advises several private funds. Namely, eleven private equity funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $1,000,000.

Careers at Llr Walnut, L.P.

The company employs 56 people that are either part- or full-time employees. 68 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Llr Walnut Gp	General partner	1 Jan 2019	Other	83-3268760
Seth Jonathan Lehr	Limited partner	1 Jan 2019	Other	704632
Ira Mark Lubert	Limited partner	1 Jan 2019	Other	2516958
Howard David Ross	Limited partner	1 Jan 2019	Other	6011975
Mitchell Louis Hollin	Limited partner	1 Jan 2019	Other	1322948
Noah Steven Becker	Chief financial officer	1 Jan 2019	Other	5081465
David Jason Reuter	Limited partner	1 Jan 2019	Other	6011980
Scott Anthony Perrelli	Limited partner	1 Jan 2019	Other	2774712
Michelle Woods Vaughn	Chief compliance officer	1 Jan 2019	Other	1979315
David Andrew Stienes	Limited partner	1 Jan 2019	Other	6265231
John Barrett Slye	Limited partner	1 Jan 2019	Other	6931946

Based in Philadelphia

The principal office where Llr Walnut, L.P. performs its advisory services is located at 2929 Walnut Street, Philadelphia, PA 19104, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 267-866-7999. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at linkedin.com/company/llr-partners and its LinkedIn profile.